Cotton Market Up 61 to 84 Points on China Rebound Bets

Overnight action in the cotton market has futures has the market 61 to 84 points higher as we roll into the middle of the week. Cotton traders fed a Turnaround Tuesday bounce after Monday’s near triple digit sell off. The front months ended with gains of 51 to 66 points, while Oct and Dec were 101 and 91 points higher respectively. Monday sales on the online cotton trading platform The Seam were 3,496 bales for an av gross price of 60.32 cents. The Cotlook A index was 150 points lower to 76.65 cents/lb on 02/03. The AWP for cotton is 60.59 cents/lb for this week.

--- provided by Brugler Marketing & Management

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